Commuter Train Services Market: Introduction
- Commuter trains are rail transportation systems for passengers within limits of a metropolitan city or to other smaller suburbs. Commuter rail service is the backbone of the local public transportation system in numerous countries around the world and accounts for more than 80% of total railway passenger volume.
- Commuter trains are built to main line train standards and generally share the same tracks with the main line trains, which reduces the total cost of infrastructure
Major Key Players of the Commuter Train Services Market are:
Bombardier, CAF, EKE-Electronics Ltd, Herzog Transit Services, Inc., Hitachi, Keolis Commuter Services, RailWorks Corporation, Siemens Mobility, SNC-Lavalin Group, Sotetsu Holdings, Inc.
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Key Drivers of Commuter Train Services Market
- Rise in number of on-road vehicles is a major reason for the rise in environmental pollution across the globe. Tailpipe emissions such as carbon dioxide, nitrogen oxides, hydrocarbons, carbon monoxide, and sulfur dioxide cause respiratory illnesses, heart conditions, and mental illness, which results in increased healthcare burden. Moreover, a rise in the number of on-road vehicles increases the number of accidents. In February 2020, the World Health Organization stated that 1.35 million people die in road traffic accidents globally every year. Ill-effects of the high number of on-road vehicles are fueling the demand for efficient public transportation services. Commuter train systems offer a viable solution for transporting large groups of people in faster and environment-friendly manner. Thus, a rise in the number of vehicles is boosting the commuter train services market across the globe.
- People from rural areas are migrating to cities in search of employment opportunity, education, and better lifestyle; hence, urbanization is rising across multiple continents. In May 2018, The United Nations stated in a press release that 55% of the global population resided in urban areas, which is anticipated to reach 68% by 2050. These new urban residents create requirement for inexpensive means of transportation, as compared to privately owned vehicles, thus fueling the demand for commuter train services. Thus, expansion of cities and a rise in the number of urban dwellers are propelling the global commuter train services market.
Global Commuter Train Services Market: Research Scope
Global Commuter Train Services Market, by Propulsion
- Electric
- Diesel
- Diesel-Electric
Global Commuter Train Services Market, by Track Gauge
- Narrow Gauge
- Standard Gauge
- Broad Gauge
Global Commuter Train Services Market, by Service Type
- Rail Manufacturing
- Infrastructure Construction
- Operation & Management
- Maintenance
- Others
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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